Is India Really Developing? Does the GDP growth really exhibits the growth across the levels all earning class

Question

Earning Class-IT/ITES, Empl of Manufac Cos, governmental staff..etc

Answer 1

The development of a country is measured with statistical indexes such as per capita income, Gross Domestic Product (GDP), life expectancy, the rate of literacy, standard of living etc. The UN has developed theHuman Development Index (HDI), a compound indicator of the above statistics, to gauge the level of human development for countries where data is available.

Developing countries are in general countries which have not achieved a significant degree of industrialization relative to their populations, and which have a low standard of living. There is a strong correlation between low income and high population growth, both within and between countries.

By these measures our India is developing witha small growth rate. It may take years for India to become a developed nation.

Answer 2

GDP, or Gross Domestic Product, is a measure of the growth of all production in the economy, in this case, the Indian economy. This measure is a global measure (that is, it refers to the economy as a whole) but it does not demonstrate growth across the earning levels. It doesn't´t even demonstrate a per capita growth. For example, if the GDP grew at 5% and the population grew at 10%, then the GDP per capita would experience a decrease showing that, on average, people are worse off despite the growth in GDP.

Answer 3

Such a vast scenario question !!
And looking at North India (where I belong to), there is beyond doubt to say that GDP is growing. But whether it's percolating that fast across all categories of services sector, is really debatable. It is getting really difficult for the Governments to get the work done from the employees ( in Centre where there has been no recruitment for the last 10 years and employees are retiring every month) and work load on the remaining staffers gets more of a pain in the neck. And people are really touching 40 age mark across all offices. Salaries are fixed by Central Pay Commission while

Answer 4

GDP is just a number. Real growth can be assessed by observing the stability of prices of essential commodities over the last 2-3 years, rise in living conditions across all classes over the last 5 years and the rise in purchasing power across income groups. In this respect, India's development is probably a mirage, though it goes without saying our forex reserves have soared, level of FDI has gone up substantially and capital flow in the economy is higher than ever.

Answer 5

Yes , our country India is developing yes , the GDP growth really exhibits the growth across the levels all earning class as we see in each & in every sector of life there are thousands ... of people of each class .

Answer 6

ofcourse its developing in every sector and its gdp is increasing but also the inflation.
ther can be increase in gdp but
1. a research stating tat only 10 % of graduates are qualifed for the ites jobs.
2. in india population is drastically increasing, tat will bring down the demand for any skills or professional therfore pay will come down.
3.farmers think tat they can earn more in cities by working rather than farming and more over water scarcity, ..
4.wide gap in between the upper class and the lower class ,tat means and theprice of essential things like food , land ,house are getting up so only upper class will be abl to buy it, not lower middle class people if u tak parametr based on income.
5.rich is becomin rich , poor is becoming poor.
just a question can answer ur question- can a middle class family afford to buy a flat in mumbai , bangalore,delhi ?

Answer 7

India is certainly developing. GDP is also increasing rapidly.
Looking at the market and in shopping malls its very clear that the buying power of people of almost all level has been increased.

10 years back the rickshaw puller, daily labors were afraid to enter any shop in a city. They use to purchase commodities from street-shops or from village fares. Now the maid servant of our house goes to Big Bazar.

10 years back lower level people was happy with a pocket radio only. Now many of them have a color TV at home. You can see many people with bicycle and mobile phones.

In the middle income group my father never dreamed of buying a car. My son always asks when I am going to change my present car.

Obviously India is developing. However still now many people are starving and below poverty level.

Answer 8

Yes,but not at the expected speed and in the expected direction.
Rich becoming richer ,poor becoming poor at a rapid rate.
Few rich people are created in the IT sector compared to millions of people below poverty live are rotting.

Answer 9

Full time. The BBC recently ran a series on it. Their development is astounding.

Answer 10

yes it is, the gdp growth increased this year.